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Written By John R. Markley (ASA, FCA, MAAA, FSPA, CPC) For the last several years, in August and September, Pension sponsors and actuaries have been waiting anxiously to know whether new updated mortality tables would apply for lump sum distributions and funding requirements.  The new mortality tables would reflect more recent improved experience and would

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At Markley Actuarial, we can help you understand the impact of Pension Plan decisions. We have successfully implemented several strategies described in this article. New Mortality Tables For several years, Markley Actuarial has been encouraging our clients to act before updated mortality tables increase the liability of their Pension Plan. The IRS has now issued

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Your most successful small business owner clients have now filed their 2015 tax returns.  What comments have they made about their taxes?  Have they adequately planned for retirement? Tax deductible contributions to qualified retirement plans, including Cash Balance Plans, are a way to addressboth issues.  Possible tax savings include federal, state and local, depending on

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On the Friday before Labor Day, the IRS announced in Notice 2016-50 that the current mortality basis for single employer defined benefit plans will be extended through 2017.  The mortality tables announced apply for funding and lump sum purposes. The IRS and Treasury expect to issue proposed regulations that will update the base mortality tables

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Written by: Erik Mitchell, CPC, QPA, QKA, ERPA – Client Manger I attended the Department of Labor’s program “Getting It Right- Know Your Fiduciary Responsibilities” on August 18 in Newark, New Jersey.  This seminar is part of the Employee Benefits Security Administration’s (EBSA) Fiduciary Education Campaign designed to improve workers retirement security by educating employers

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The fall is quickly approaching, and now is the time to help your clients or prospects make the best decisions regarding their retirement program!  Deadlines for putting certain types of retirement plans in place are quickly approaching. Plan Sponsors have until October 1st to put in a Safe Harbor 401(k) Plan for 2016.  Now is

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2015 has been a challenging year in the stock and bond investment market place, in general.  If your Firm is a sponsor of a Cash Balance Plan, you may be wondering what the impact will be on 2016 and future contributions to the Plan and whether your Firm will be able to meet minimum funding

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Markley Actuarial is celebrating its 30th anniversary this year.  What will retirement plans look like in 30 years? Current Trends Continue The last 30 years have brought significant changes to retirement plans sponsored by employers.  Here are the changes and what the next 30 years might bring: 1. Employers increasingly sponsor Defined Contribution Plans in

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Written By John R. Markley (ASA, FCA, MAAA, FSPA, CPC) Disclosure Reports for Year-End For the team of employees at Markley Actuarial who serve Defined Benefit Plans, January is a very busy month!  Any Defined Benefit Plan sponsor that prepares financial statements for public stockholders or debt holders must quantify the (unfunded) liability of their Defined

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Are you rereading an article about MAP-21 (Moving Ahead for Progress in the 21st Century Act) from 2012 or HATFA (Highway and Transportation Funding Act) of 2014?  The answer is no! In the recent Budget Act of 2015, signed into law on November 2, 2015, PBGC premiums have again been increased and the impact of

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